Germany's property market isn't heading for a bubble, rising house prices are reflecting the country's economic fundamentals as well as investors' desire for security during the euro crisis, said economists from the Institut der deutschen Wirtschaft in Cologne on Thursday.

GM Profit Falls 41%, Hurt By Losses in Europe

The No. 1 U.S. automaker reported its revenue fell to $37.6 billion from $39.4 billion from last year as a stronger U.S. dollar hurts results.